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Non-Life Insurance in the US, Key Trends and Opportunities to 2020

Non-Life Insurance in the US, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in the US, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the US non-life insurance segment, and a comparison of the US insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the US economy and demographics, explains the various types of natural hazard and their impact on the US insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in the US, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the US non-life insurance segment, including:

  • The US non-life segment’s detailed outlook by product category
  • A comprehensive overview of the US economy and demographics
  • A comparison of the US non-life insurance segment with its regional counterparts
  • The various distribution channels in the US non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the US insurance industry
  • Details of the competitive landscape in the non-life insurance segment in the US
  • Details of regulatory policy applicable to the US insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in the US:
  • It provides historical values for the US non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the US non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the US non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in the US.
  • It analyzes various natural and man-made hazards and their impact on the US insurance industry
  • It profiles the top non-life insurance companies in the US, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the US non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the US non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the US insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The segment’s penetration rate grew marginally from 3.2% in 2011 to 3.3% in 2015.
  • Property insurance was the largest category in terms of gross written premium, and accounted for 37.4% of the non-life gross written premium in 2015.
  • Motor insurance was the second-largest category in the non-life segment in 2015, in terms of gross written premium.
  • Brokers and agencies were the two leading distribution channels during the review period.
  • The US non-life segment is the largest in the world. It is highly competitive and fragmented, with the 10 leading companies collectively accounting for 45.10% of the total gross written premium in 2015.


  • Key Facts and Highlights
    • Table US Non-Life Insurance - Key Facts, 2015
    • Table US Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table US Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table US Non-Life Insurance - Gross Written Premium (US$ Billion), 2011-2015
        • Table US Non-Life Insurance - Penetration (%), 2011-2015
        • Table US Non-Life Insurance - Gross Written Premium (US$ Billion), 2015-2020
        • Table US Non-Life Insurance - Penetration (%), 2015-2020
        • Table US Non-Life Insurance - Premium per Capita (US$), 2011-2015
        • Table US Non-Life Insurance - Premium per Capita (US$), 2015-2020
      • Claims
        • Table US Non-Life Insurance - Paid Claims (US$ Billion), 2011-2015
        • Table US Non-Life Insurance - Paid Claims (US$ Billion), 2015-2020
      • Profitability
        • Table US Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table US Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table US Non-Life Insurance - Total Assets (US$ Trillion), 2011-2015
        • Table US Non-Life Insurance - Total Assets (US$ Trillion), 2015-2020
        • Table US Non-Life Insurance - Total Investment Income (US$ Billion), 2011-2015
        • Table US Non-Life Insurance - Total Investment Income (US$ Billion and US$ Billion), 2015-2020
        • Table US Non-Life Insurance - Investment Portfolio (US$ Billion), 2011-2015
        • Table US Non-Life Insurance - Investment Portfolio (US$ Billion), 2015-2020
  • Outlook by Category
    • Table US Non-Life Insurance - Direct Written Premium by Category (US$ Billion),2011-2015
    • Table US Non-Life Insurance - Direct Written Premium by Category (US$ Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table US Property Insurance - Direct Written Premium by Sub-Category (US$ Billion), 2011-2015
        • Table US Property Insurance - Direct Written Premium by Sub-Category (US$ Billion), 2015-2020
      • Claims
        • Table US Property Insurance - Paid Claims (US$ Billion), 2011-2015
        • Table US Property Insurance - Paid Claims (US$ Billion), 2015-2020
      • Profitability
        • Table US Property Insurance - Loss Ratio (%), 2011-2015
        • Table US Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
        • Table US Motor Insurance - US Motor vehicle crash deaths by type, 2011-2015
      • Premium
        • Table US Motor Insurance - Direct Written Premium by Sub-Category (US$ Billion), 2011-2015
        • Table US Motor Insurance - Direct Written Premium by Sub-Category (US$ Billion), 2015-2020
      • Claims
        • Table US Motor Insurance - Paid Claims (US$ Billion), 2011-2015
        • Table US Motor Insurance - Paid Claims (US$ Billion), 2015-2020
      • Profitability
        • Table US Motor Insurance - Loss Ratio (%), 2011-2015
        • Table US Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table US Liability Insurance - Direct Written Premium by Sub-Category (US$ Billion), 2011-2015
        • Table US Liability Insurance - Direct Written Premium by Sub-Category (US$ Billion), 2015-2020
      • Claims
        • Table US Liability Insurance - Paid Claims (US$ Billion and US$ Billion), 2011-2015
        • Table US Liability Insurance - Paid Claims (US$ Billion), 2015-2020
      • Profitability
        • Table US Liability Insurance - Loss Ratio (%), 2011-2015
        • Table US Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table US Transport Network - Global Rankings
        • Table US Marine, Aviation and Transit Insurance - Mode share according to weight (Million Ton) and value (US$ Billion), 2015
      • Premium
        • Table US Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (US$ Billion), 2011-2015
        • Table US Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (US$ Billion), 2015-2020
      • Claims
        • Table US Marine, Aviation and Transit Insurance - Paid Claims (US$ Billion), 2011-2015
        • Table US Marine, Aviation and Transit Insurance - Paid Claims (US$ Billion), 2015-2020
      • Profitability
        • Table US Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table US Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table US Non-Life Insurance - Direct Written Premium by Distribution Channel (US$ Billion), 2011-2015
      • Table US Non-Life Insurance - Direct Written Premium by Distribution Channel (US$ Billion), 2015-2020
      • Table US Non-Life Insurance - Percentage of Direct Written Premium by Distribution Channel, 2011-2020
      • Brokers
      • Agencies
      • Direct marketing
      • Bancassurance
      • E-commerce
      • Peer-to-peer insurance
  • Natural and Man-made Hazards
    • Table US Estimated Number of Insurance Claims and Insured Property Losses (US$ Billion), 2006-2015
    • Storm
    • Flooding
    • Wildfires
    • Earthquakes
    • Exposure
  • Competitive Landscape
    • Table Texas Non-Life Insurance - Leading Insurers by Type and their Market Share (%), 2015
    • Table New York Non-Life Insurance - Leading Insurers by Type and their Market Share (%), 2015
    • Table Florida Non-Life Insurance - Leading Insurers by Type and their Market Share (%), 2015
    • Table US Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • State Farm Mutual Automobile Insurance Company - company overview
        • Table State Farm Mutual Automobile Insurance Company - Key Facts
        • Table State Farm Mutual Automobile Insurance Company - Key Financials (US$ Billion), 2011-2015
      • Allstate Insurance Company - company overview
        • Table Allstate Insurance Company - Key Facts
        • Table Allstate Insurance Company - Key Financials (US$ Billion), 2011-2015
      • Berkshire Hathaway, Inc. - company overview
        • Table Berkshire Hathaway, Inc. - Key Facts
        • Table Berkshire Hathaway, Inc. - Key Financials (US$ Million), 2011-2015
      • Liberty Mutual Group - company overview
        • Table Liberty Mutual Group - Key Facts
        • Table Liberty Mutual Group - Key Financials (US$ Billion), 2011-2015
      • The Travelers Indemnity Company - company overview
        • Table The Travelers Indemnity Company - Key Facts
        • Table The Travelers Indemnity Company - Key Financials (US$ Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table The US - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table The US - Life Insurance Regulatory Framework
      • Property insurance
        • Table The US - Property Insurance Regulatory Framework
        • Table The US - The US TRIP Highlights
      • Motor insurance
        • Table The US - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table The US - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
        • Table The US - Maximum Cover for Motor Third-Party Liability Per Accident by State
      • Health insurance
      • Social insurance system
      • Aviation third-party liability insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • National Association of Insurance Commissioners
      • Federal Insurance Office
      • American Insurance Association
      • National Association of Mutual Insurance Companies
      • Property Casualty Insurers of America
      • Reinsurance Association of America
      • American Council of Life Insurers
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
        • Table The US - California - Statutory Membership in Insurance Associations
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table The US - California - Minimum Paid-up Share Capital Requirements for Nonlife Insurers
        • Table The US - California - Minimum Paid-up Share Capital Requirements for life Insurers
        • Table The US - New York - Minimum Capital and Surplus Requirement
        • Table The US - New York - Minimum Capital and Surplus Requirement
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
        • Table The US - California - Authorization Fee for Insurers
        • Table The US - California - License Fee for insurance intermediaries
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table The US - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table US Insurance Industry - Policies and Premium, 2011-2015
      • Table US Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table US Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table US Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table US Non-Life Insurance - Assets and Investments, 2011-2015
      • Table US Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table US Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table US Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table US Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table US Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table US Non-Life Insurance - Property Insurance, 2011-2015
      • Table US Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table US Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table US Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table US Non-Life Insurance - Motor Insurance, 2011-2015
      • Table US Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table US Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table US Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table US Non-Life Insurance - Liability Insurance, 2011-2015
      • Table US Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table US Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table US Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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